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Greenridge Exploration (XCNQ:GXP) Return-on-Tangible-Asset : 0.00% (As of Aug. 2023)


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What is Greenridge Exploration Return-on-Tangible-Asset?

Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Greenridge Exploration's annualized Net Income for the quarter that ended in Aug. 2023 was C$ Mil. Greenridge Exploration's average total tangible assets for the quarter that ended in Aug. 2023 was C$ Mil. Therefore, Greenridge Exploration's annualized Return-on-Tangible-Asset for the quarter that ended in Aug. 2023 was 0.00%.

The historical rank and industry rank for Greenridge Exploration's Return-on-Tangible-Asset or its related term are showing as below:

XCNQ:GXP' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -12.59   Med: 0   Max: 0
Current: -12.59

XCNQ:GXP's Return-on-Tangible-Asset is ranked better than
54.79% of 2703 companies
in the Metals & Mining industry
Industry Median: -15.39 vs XCNQ:GXP: -12.59

Greenridge Exploration Return-on-Tangible-Asset Historical Data

The historical data trend for Greenridge Exploration's Return-on-Tangible-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Greenridge Exploration Return-on-Tangible-Asset Chart

Greenridge Exploration Annual Data
Trend Aug23
Return-on-Tangible-Asset
-

Greenridge Exploration Semi-Annual Data
Aug23
Return-on-Tangible-Asset -

Competitive Comparison of Greenridge Exploration's Return-on-Tangible-Asset

For the Other Industrial Metals & Mining subindustry, Greenridge Exploration's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Greenridge Exploration's Return-on-Tangible-Asset Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Greenridge Exploration's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Greenridge Exploration's Return-on-Tangible-Asset falls into.



Greenridge Exploration Return-on-Tangible-Asset Calculation

Greenridge Exploration's annualized Return-on-Tangible-Asset for the fiscal year that ended in Aug. 2023 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Aug. 2023 )  (A: . 20 )(A: Aug. 2023 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Aug. 2023 )  (A: . 20 )(A: Aug. 2023 )
=/( (+)/ )
=/
= %

Greenridge Exploration's annualized Return-on-Tangible-Asset for the quarter that ended in Aug. 2023 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Aug. 2023 )  (Q: . 20 )(Q: Aug. 2023 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Aug. 2023 )  (Q: . 20 )(Q: Aug. 2023 )
=/( (+)/ )
=/
= %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data, the Net Income data used here is one times the annual (Aug. 2023) net income data.


Greenridge Exploration  (XCNQ:GXP) Return-on-Tangible-Asset Explanation

Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.


Be Aware

Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the company’s earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a company’s tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).

Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.


Greenridge Exploration Return-on-Tangible-Asset Related Terms

Thank you for viewing the detailed overview of Greenridge Exploration's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.


Greenridge Exploration (XCNQ:GXP) Business Description

Comparable Companies
Traded in Other Exchanges
Address
905 West Pender Street, 6th Floor, Vancouver, BC, CAN, V6C 1L6
Website
Greenridge Exploration Inc is engaged in mineral exploration in Canada and its objective is to locate and, if warranted, develop economic mineral properties. It holds interest in Weyman Property which comprises 7 map-staked mineral claims covering nearly 2,803.89 hectares in the Kamloops and Nicola Mining Divisions and in the Thompson Nicola Regional District on the Thompson Plateau of Southern British Columbia.

Greenridge Exploration (XCNQ:GXP) Headlines

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